CMCC Global's tokenised funds close first raise at $15M on Bitfinex Securities
What's the deal? CMCC GlobalDealroom has a profile for this one. Try Dealroom → closed the first capital raise for two tokenised funds — the Liberty Bitcoin Accumulation Fund (LBAF) and Crest (CREST) — gathering more than $15 million in combined tokenised interests. Bitfinex Securities announced the result on November 3, 2026, after a subscription window that ran from October 12 to October 29.
Why it matters: These are the first tokenised funds listed on Bitfinex Securities, and the first tokenised fund-of-funds offered under El Salvador's digital asset framework. The tokens were issued on Tether's HadronDealroom has a profile for this one. Try Dealroom → platform, which handles issuance and compliance.
What the funds do: Both are multi-manager quantitative hedge funds running market-neutral strategies such as funding-rate arbitrage, cross-venue arbitrage, and market making. Crest, launched in March 2022, is denominated in US dollars and targets returns above US Treasury bill yields. LBAF, which debuted in April 2025, is denominated in bitcoin and targets 8–12% net annualised returns.
Who put in money? CMCC Global, founded in Hong Kong in 2016, drew eligible investors through pricing set at $10 per CREST token and 0.0001 BTC per LBAF token, with a one-token minimum. BTCS S.A.Dealroom has a profile for this one. Try Dealroom →, a digital asset treasury firm listed in Warsaw and Frankfurt, served as anchor investor for LBAF and signalled a triple-digit bitcoin allocation.
What's next? Secondary-market trading for both funds is expected to begin on Bitfinex Securities in November 2026, letting eligible holders buy and sell the tokens around the clock.
What could go wrong? The return and zero-drawdown targets describe what the managers aim for, not what they have promised. The reported $15 million also combines new subscriptions with existing interests being tokenised, so it is not all fresh capital, and participation stays limited to eligible investors.
The signal: The raise lands amid rapid growth in tokenised funds, though most momentum sits in Treasury and money-market products. This is a niche crypto-fund offering, but it gives Bitfinex Securities a working template for listing tokenised funds and TetherDealroom has a profile for this one. Try Dealroom →'s Hadron a live case for its tooling.
Read more: cryptobriefing.com
Image credit: Ray Devlin
